A single-family dwelling in Miami-Dade County is conveyed for $186,000. Ignoring exemptions and remembering that the surtax does not apply to a document transferring only a single-family dwelling, what deed documentary stamp tax is due?
Correct Answer
A) $1,116
For a Miami-Dade deed transferring only a single-family dwelling, the base rate is 60 cents per $100 and the surtax does not apply. $186,000 ÷ 100 × $0.60 = $1,116.
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